Investors potentially experienced sales practice violations due to securities broker Frank Samuel Walter [CRD: 5685573, New York, New York], according to publicly available information reported on FINRA BrokerCheck. Walter has worked with UBS Financial Services Inc. since May 15, 2015, in New York and since June 23, 2015, in Brooklyn. Below, you can find out more the disclosures involving this broker and what they could mean for affected investors.
Notably, on January 24, 2025, a UBS Financial Services Inc. client filed FINRA Arbitration No. 25-00141 about Frank Walter. Evidently, the client alleged that Walter made misrepresentations and unsuitable recommendations and failed to act in the client’s best interest relating to exercising options. Allegedly, this client held long positions in their employer's stock. For this reason, the client allegedly sustained damages on stocks. Consequently, the client requested compensation exceeding $5,000 from UBS Financial Services Inc. or Walter. It appears that this arbitration is ongoing.
Also, a client of UBS Financial Services Inc. contested Frank Walter’s sales practices, based on a complaint. Allegedly, Walter failed to execute a purchase of treasuries according to the client’s instructions. Supposedly, Walter caused the client to sustain damages on government bonds. Therefore, UBS Financial Services Inc. opted to settle the matter on July 1, 2024, by compensating the client in the amount of $24,000.
Are you concerned regarding investments you made with Frank Walter? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a potential recovery of your losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Walter and the firms Walter worked for deny allegations of sales practice violations.
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